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Business May 21, 2026

Vinted boss on moving beyond fashion

Vinted's CEO, Adam Jay, discusses the company's growth beyond fashion and its mission to make secon…
The Rise of Secondhand Shopping Once the preserve of jumble sales and charity shops, “preloved” fashion and homewares are now leading style and shopping trends in the UK. After the rapid growth of online retail, Britain is now witnessing “the normalisation of secondhand”, according to Adam Jay, the chief executive of Vinted’s main marketplace arm. Vinted's Expansion Beyond Fashion The UK is at the forefront of an international revolution, jostling for position with France to be Vinted’s biggest market, and is also one of its fastest growing markets, as the online marketplace moves beyond just selling clothes and into everything from smartphones and books to rugs. The Data Analysis Vinted was valued at €8bn (£7bn) in April when it sold €880m in shares. Sales through the site hit €10.8bn last year. Vinted generated €1.1bn in revenue, with net profits of €62m in 2025. Sales in Britain rose 47% last year. The Impact Analysis Vinted, Shein and Temu are all growing for “fundamentally the same reason”, which is “because it’s cheap and easy. Our main competitor is new [products].” Vinted shoppers save an average 72% on the price of buying an equivalent new item. The Prediction “I see a deep and sustained change in how people buy and how people think about things that they own,” says Jay. “We want people to be thinking about how they can give every item as long as possible life. Don’t allow things to sit in the back of the cupboard for years and years untouched. Get them to someone who’s going to love them, wear them, use them.”
#Vinted #Secondhand Fashion #UK Retail
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Tech May 21, 2026

Nvidia’s Revenue Soars Past Expectations as AI Infrastructure Boom Accelerates

Nvidia posted Q1 fiscal 2027 revenue of $81.62 bn, beating analysts’ $78.86 bn forecast, thanks to …
Nvidia reported first‑quarter fiscal 2027 revenue of $81.62 bn, surpassing Wall Street’s estimate of $78.86 bn. The surge was powered by a 92% YoY increase in its datacenter segment, reflecting the rapid expansion of AI‑driven compute infrastructure worldwide.Nvidia Smashes Q1 2026 Revenue Forecast Amid AI Infrastructure SurgeCEO Jensen Huang described the current phase as the "largest infrastructure expansion in human history," noting that "Agentic AI has arrived, doing productive work, generating real value, and scaling rapidly across companies and industries." The company highlighted its role in supplying chips, software, and platforms that power the global AI boom.Financial Numbers: $81.62 bn Revenue Beats $78.86 bn ForecastRevenue: $81.62 bn vs. consensus $78.86 bnEarnings per share: $1.87 vs. expected $1.76Datacenter segment growth: 92% YoY to a record $75.2 bnOverall market cap: $5.4 tnImplications for Global AI Build‑out and Chip Supply ChainsAnalysts view Nvidia’s performance as a barometer for the AI infrastructure wave, with U.S. tech firms projected to spend roughly $750 bn on AI hardware this year. While Nvidia dominates the high‑performance chip market, rivals such as Amazon and Google are beginning to develop competing products. Export restrictions to China remain a wildcard; the Trump administration approved H200 chip sales but imposes a 25% fee, and actual shipments are still on hold.Outlook: Supply Constraints and Market Expansion in China and Southeast AsiaHuang warned that the upcoming Vera Rubin platform will likely keep Nvidia "supply‑constrained" throughout its lifecycle, suggesting tighter margins for customers. At the same time, Nvidia is pursuing growth avenues: a new research hub in Singapore and ongoing diplomatic talks aimed at opening the Chinese market for its AI chips. The company’s guidance indicates no immediate revenue from Chinese datacenter sales, but the long‑term trajectory hinges on geopolitical clearance and the ability to scale production for next‑generation AI workloads.
#Nvidia #Jensen Huang #AI infrastructure
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Sports May 21, 2026

Emery Declares Aston Villa Won’t Stop at Europa League Victory

Aston Villa secured a 3‑0 win over Freiburg to claim the Europa League, their first major trophy si…
Lead: Villa’s Europa League Win Sets a New AmbitionAston Villa lifted the Europa League after a 3‑0 victory against Freiburg on 20 May 2026, ending a 30‑year silverware drought. Manager Unai Emery declared the triumph merely a stepping stone toward Europe’s elite competitions.Emery’s Vision: From Europa League Winners to Champions League ContendersIn the post‑match press conference, Emery rejected the “king of the Europa League” label, emphasizing the need to focus on the present and future. He stated, “Next year we will play in the Champions League and this is the challenge,” underscoring his ambition to break into the Premier League’s top‑four.Financial and Competitive Stakes Highlighted by the VictoryFirst major trophy since the 1996 League Cup.Victory guarantees a place in next season’s Champions League as Europa League winners.Potential additional Premier League revenue from higher TV payouts and sponsorships.The win also amplifies the club’s marketability, with star players like John McGinn and Emiliano Martínez gaining global exposure.How Villa’s Triumph Reshapes the Premier League LandscapeThe success intensifies the race for European spots. If Villa finish fifth, they secure a Champions League berth; a sixth‑place finish would still grant Europa League participation. Their rise challenges traditional powerhouses such as Manchester City, Arsenal, and Manchester United, potentially reshuffling the top‑seven hierarchy.What the Next Season Could Hold for Villa Under Emery’s BlueprintEmery highlighted the role of set‑piece specialist Austin MacPhee and the resilience of goalkeeper Emiliano Martínez, who played with a fractured finger. Continued focus on tactical detail and squad depth will be crucial as Villa aim for a top‑four finish and a deep Champions League run.
#Aston Villa #Unai Emery #Europa League
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Tech May 21, 2026

IrisGo Aims to Redefine Desktop Productivity with a Proactive AI Companion

IrisGo, backed by Andrew Ng’s AI Fund, has raised $2.8 million to build a proactive desktop AI comp…
Executive Overview: IrisGo’s Vision for a Proactive Desktop CompanionIrisGo is positioning itself as the next‑generation “AI desktop buddy,” a software agent that anticipates and executes user tasks before they are explicitly requested. By combining on‑device learning with selective cloud processing, the startup promises a privacy‑first, hands‑free workflow for knowledge workers.Seed Funding and Strategic Backers Power IrisGo’s LaunchThe company closed a $2.8 million seed round earlier this year, led by Andrew Ng’s AI Fund. Additional capital and credibility come from Nvidia, Google, and a strategic OEM partnership with Acer, which will pre‑install the app on new laptops.Financial Snapshot: $2.8 Million Seed Round and Early PartnershipsFunding amount: $2.8 million seed roundLead investor: AI Fund (Andrew Ng)Key backers: Nvidia, GoogleOEM deal: Acer (beta pre‑install)Launch timeline: macOS and Windows beta released May 2026Industry Implications: Shifting the Burden of Repetitive Tasks from Knowledge Workers to AI AgentsThe platform’s “skills” library—covering email drafting, invoice processing, report generation, and code assistance—targets white‑collar employees who spend a large portion of their day on repetitive actions. By executing these tasks autonomously, IrisGo could reduce operational overhead, accelerate decision‑making, and set a new baseline for AI‑augmented productivity tools.Future Outlook: From Beta to Pre‑installed Desktop StandardWith beta feedback flowing and an OEM pipeline forming, IrisGo’s roadmap includes:Expanding the skills catalog to cover industry‑specific workflowsScaling hybrid on‑device/cloud architecture while maintaining end‑to‑end encryptionSecuring additional pre‑install agreements with major laptop manufacturersLaunching a subscription model for enterprise teams by late 2026If adoption accelerates, IrisGo could become a default component of modern workstations, reshaping how software interacts with human intent.
#IrisGo #Andrew Ng #Jeffrey Lai
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Sports May 20, 2026

Arsenal's Six-Year Odyssey: Securing the Premier League Crown and Ending the Bottler Narrative

After a six-year wait and a massive financial investment, Arsenal has finally clinched the 2026 Pre…
The End of a Six-Year Wait: Arsenal's Historic TriumphAfter six years of patience and a financial outlay well over a billion pounds, Mikel Arteta has finally delivered the silverware that Arsenal fans have craved. The Gunners have officially been crowned Premier League champions, marking a moment of collective catharsis that echoed the closing scenes of the film Fever Pitch. The scenes outside Highbury and Islington were not just a celebration of a trophy, but a release of years of emotional tension. The Bournemouth Pivot: How a Draw Secured the CrownThe decisive moment came on the pitch, where Bournemouth held Manchester City to a draw, effectively ending the Citizens' bid for a fourth consecutive title. This tactical masterclass by Andoni Iraola was the final piece of the puzzle, allowing Arsenal to celebrate on Sunday with a relaxed kickabout against Crystal Palace at Selhurst Park. Key Event: Bournemouth draws Man City to secure Arsenal's title. Next Fixture: Arsenal to hoist the trophy vs Crystal Palace. Upcoming Challenge: Bigger Cup final against Paris Saint-Germain. Financial and Emotional Investment: The Billion-Pound TransformationThe achievement is underpinned by a staggering investment of over a billion pounds, transforming the squad into a title-winning machine. While the brand of "belt-and-braces" football was often criticized for being repetitive, the trophy has validated the approach. Arsenal fans, who have been "fed through the emotional mincer" in recent years, can finally look back at the 140-year history of the club with pride. Shattering the "Bottlers" Label: A New Era for North LondonPerhaps the most significant impact of this victory is the psychological shift. For years, Arsenal were labeled "bottlers" due to three consecutive near-misses. That label is now gone, replaced by the prospect of sustained dominance. With rivals facing uncertainty and Arsenal in pole position, the club is poised to capitalize on a rare window of opportunity. The Road to Budapest: Arsenal's Next Big TestWith the domestic league secured, the focus shifts immediately to the Bigger Cup final against Paris Saint-Germain. Arteta has delivered this season, but the true test of this new era will be whether this title marks the beginning of a dynasty or just a one-off success.
#Arsenal #Mikel Arteta #Ian Wright
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Business May 20, 2026

Intuit to Lay Off 3,000 Employees to Focus on AI

Intuit is laying off 3,000 employees, or 17% of its staff, to refocus on AI and simplify its corpor…
The Restructuring Plan Enterprise software giant Intuit is letting 17% of its staff go, or about 3,000 people, as it seeks to divert resources toward baking AI into its products. The layoffs are meant to reduce complexity by simplifying the company’s corporate structure and help it focus on AI efforts. The Company's AI Strategy The company, which makes accounting, tax, and personal finance software like TurboTax, QuickBooks, and Credit Karma, had 18,200 employees worldwide as of July 2025. Intuit's CEO Sasan Goodarzi said the layoffs will help the company focus on AI efforts. The Financial Impact Intuit's CEO Sasan Goodarzi's salary was worth $36.8 million, including cash incentives and stock awards, during fiscal 2025. The company reported revenue of $4.65 billion, a 17% increase, and net profit of $693 million, a 48% improvement compared to a year earlier. The Industry Trend The layoffs come during a bad year for the tech workforce. The tech industry has already cut more than 100,000 jobs this year, and is on track to outpace both 2024 and 2025 if the layoff trend continues. Companies such as Amazon, Block, Cisco, Cloudflare, Meta, Microsoft, and Oracle have let go of thousands of employees each, all of them citing a need to refocus expenditures around AI projects as a reason to cut jobs and restructure their organizations. The Future Outlook Intuit, however, hasn’t been perceived as a beneficiary of the AI boom, with its shares consistently underperforming in the broader S&P; 500 over the past 12 months. The company expects revenue to increase by about 10% in the third quarter.
#Intuit #AI #Layoffs
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Tech May 20, 2026

Figma Introduces AI Assistant for Collaborative Design Canvas

Figma has launched an AI assistant that operates within its collaborative canvas, allowing users to…
The Lead: Figma's AI Integration RevolutionFigma has introduced a groundbreaking AI assistant that operates directly within its collaborative canvas, marking a significant evolution in design software capabilities. This new AI agent allows users to leverage natural language prompts to generate new designs, edit existing ones, and automate various design tasks, potentially transforming how design teams collaborate and create.The Technical Breakthrough: Design-Specific AI CapabilitiesThe new AI assistant represents Figma's strategic move to integrate artificial intelligence deeply into its design ecosystem. Unlike generic AI tools, Figma's assistant is specifically fine-tuned for design use, enabling it to understand design contexts and elements with remarkable precision. Users can employ multiple AI agents simultaneously, each handling different tasks, allowing for parallel processing of design iterations and automations.This development builds on Figma's recent partnerships with OpenAI and Anthropic, which brought AI CLI tools like Claude Code and Codex to the platform. The company's chief design officer, Loredana Crisan, emphasized how this technology helps teams focus on strategic decisions rather than tedious execution, stating: "As building software gets easier, what matters most is setting direction: deciding what to work on, how it should function, what the experience should feel like. Teams can now collaborate with agents on the multiplayer canvas to test out ideas, visualize edge cases, and refine concepts together without over-indexing on the more tedious parts."The Financial Impact: Strong Growth Amidst CompetitionFigma's AI integration comes at a time when the company is demonstrating robust financial performance. In the first quarter of 2026, Figma reported revenue of $333.4 million, marking a 46% increase compared to the same period in the previous year. This growth trajectory underscores the company's ability to maintain market momentum despite increasing competition and concerns about AI potentially displacing design work.The company has strategically expanded its capabilities through acquisitions like node-based design tool Weavy and by adding new image editing features to its products. These moves, combined with its AI initiatives, position Figma to address the evolving needs of design professionals in an increasingly AI-augmented creative landscape.The Industry Transformation: AI Reshaping Design WorkflowsFigma's AI assistant launch reflects a broader industry trend where artificial intelligence is becoming integral to creative workflows. The design software market is experiencing significant disruption as companies race to integrate AI capabilities that enhance rather than replace human creativity. Figma faces intense competition from established players like Adobe and Canva, as well as emerging competitors such as Flora, Krea, and Dessn.This technological shift is challenging traditional design processes while simultaneously creating new opportunities for efficiency and innovation. By automating routine tasks and providing intelligent design suggestions, AI tools like Figma's assistant are enabling designers to focus more on strategic thinking, conceptual development, and user experience refinement.The Future Outlook: Convergence of Design and CodeLooking ahead, Figma has outlined ambitious plans to further integrate AI across its product suite and bring design and code closer together. The company intends to expand the AI assistant beyond Figma Design to its other products, creating a more unified AI-powered creative environment. This convergence could potentially bridge the gap between design and development workflows, fostering greater collaboration and efficiency throughout the product development lifecycle.As AI continues to evolve, we can expect Figma and its competitors to further refine their AI offerings, potentially incorporating more sophisticated understanding of design principles, user preferences, and technical constraints. The successful integration of AI in design tools may set new standards for the industry, ultimately benefiting end users through more intuitive, responsive, and human-centered digital products.
#Figma #AI #OpenAI
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Sports May 20, 2026

For the Win: AMNH Exhibition Turns Sports Trophies into Historical Artifacts

The American Museum of Natural History in New York has opened “For the Win,” an exhibition that sho…
The American Museum of Natural History has launched “For the Win,” a new exhibition that treats championship hardware—rings, medals, trophies—as artifacts of cultural history, offering fans a tangible connection to the moments that define sport. The For the Win Exhibition Marries Sports Lore with Museum Craftsmanship Located in the museum’s dedicated gems and minerals space, the show was timed to the upcoming 2026 World Cup and curated to highlight the artistry behind each piece. Senior adviser Rich Kleinman describes the objects as “artifacts from history,” emphasizing their dual role as symbols of victory and objects of fine workmanship. Historical Highlights: From 1877 NYPD Medal to Owens’s Gold 1877 NYPD Medal of Valor – its interlocking “N” and “Y” inspired the New York Yankees logo. Jesse Owens’s 1936 Berlin Olympic gold medal – later sold for a record $1.4 million at auction. 2024 WNBA champion Breanna Stewart’s diamond‑encrusted ring and matching earrings. Kevin Durant’s 2024 Olympic gold medal and 2017 NBA championship ring (on loan for the exhibit). Joc Pederson’s pearl necklace from the 2021 World Series run. John McEnroe’s 1983 Wimbledon trophy displayed beside a velociraptor skull to underscore the museum’s scientific context. Why Showcasing Trophies Matters for Fans and Culture According to cultural critic Vikki Tobak, trophies act as “proxies for the road to becoming great,” resonating across genres and generations. The exhibition gives fans a “contact high” that they normally only experience during fleeting victory parades, while also preserving the craftsmanship of each piece for future study. Future of Sports Memorabilia in Public Institutions With the World Cup trophy currently touring the United States and other iconic items (such as the Heisman Trophy) remaining tightly guarded, “For the Win” sets a precedent for museums to collaborate with athletes and collectors. The success of this show could inspire similar partnerships, expanding public access to sports heritage and reinforcing the narrative that athletic achievements belong in the historical record.
#American Museum of Natural History #Vikki Tobak #Rich Kleinman
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Tech May 20, 2026

Google Nest Doorbell (Battery) Crowned Best in UK Security Tests, Ring Falls Short

A comprehensive UK-based review of the top eight video doorbells reveals that the Google Nest Doorb…
The Evolution of the Front DoorDoorbells have evolved from simple mechanical chimes into sophisticated security hubs that monitor approach, identify visitors, and provide real-time video feeds. A recent rigorous testing of the UK market's leading devices reveals a significant shift in performance standards, with the Google Nest Doorbell (battery) emerging as the undisputed champion, leaving the once-dominant Ring brand without a top-tier position.Rigorous Testing of the UK Market LeadersTo determine the true value of these devices, the author conducted a two-week field test involving eight popular models mounted on a single board at doorbell height. This "rigged contraption" approach allowed for a direct comparison of motion detection accuracy, video quality, and app responsiveness. The results categorized the market winners by specific use cases: the Google Nest Doorbell (battery) took the top spot for overall performance, the Blink smart video doorbell with Sync Module 2 won for budget-conscious consumers at £69.99, and the Eufy video doorbell E340 was recognized as the best subscription-free option.Price vs. Performance: The Cost of SecurityThe testing highlighted a distinct correlation between hardware cost and feature availability. The premium Google Nest Doorbell retails for £129, offering seamless integration with the Google ecosystem. However, the Eufy video doorbell E340 at £119.99 demonstrated that high-quality local storage is possible without monthly fees. Conversely, the Blink model provided the most accessible entry point for those wary of ongoing subscription costs, proving that effective security does not require a significant upfront investment.The Decline of the Ring MonopolyThe failure of Ring to appear in the top rankings is a significant indicator of market dynamics. Once the standard for video doorbells, Ring has been outperformed by competitors in critical areas such as motion detection sensitivity and notification speed. This suggests that consumers are increasingly prioritizing hardware reliability and app stability over brand recognition, signaling a maturing market where technical superiority is winning over ecosystem lock-in.Future Trends in Smart Home SecurityBased on these findings, the future of home security hardware will likely favor devices that offer flexibility in power sources and storage options. We can expect to see a continued rise in subscription-free models that prioritize local data processing, as well as tighter integration between doorbell hardware and broader smart home platforms like Google Home. The era of the single-brand monopoly appears to be ending, replaced by a competitive landscape focused on user experience and privacy.
#Google Nest #Blink #Eufy
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